Global Sneakers Market, By Product (Adult Sneaker, Children Sneaker), Application (Competition, Amateur Sports, Lifestyle), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Sneakers Market
The sneakers market is expected to witness market growth at a rate of 7.50% in the forecast period of 2021 to 2028 and is expected to reach the value of USD 98,091.28 million by 2028. Data Bridge Market Research report on sneakers market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid urbanization is escalating the growth of sneakers market.
Sneakers are defined as the types of shoes which are specifically designed for sports or other types of physical exercise. They are referred to as the kind of footwear that has a flexible sole made up of synthetic material or rubber. The upper portion of the shoes is made up of synthetic substitutes, cloth or leather. These footwear is widely used as everyday footwear.
The proliferation of e-commerce platforms across the globe acts as one of the major factors driving the growth of sneakers market. The increase in inclination towards trendy, branded, and high-fashion footwear among every age group, and surge in disposable income increasing requirement for more comfortable and innovative footwear accelerate the market growth. The rise in the preference for the online medium as it provides the flexibility to the users to choose, and increase in concerns regarding health and wellness among population further influence the market. Additionally, rise in population, rapid fashion trends, penetration of the internet, and smartphones and improving lifestyle of people, positively affect the sneakers market. Furthermore, easy availability of customized and innovative features in the footwear extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, easy availability of copied or fake products that are manufactured by local manufacturers is expected to obstruct the market growth. Complications of supply chain of raw materials because of outbreak of COVID-19 are projected to challenge the sneakers market in the forecast period of 2021-2028.
This sneakers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on sneakers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Sneakers Market Scope and Market Size
The sneakers market is segmented on the basis of product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the sneakers market is segmented into adult sneaker and children sneaker.
- On the basis of application, the sneakers market is segmented into competition, amateur sports, and lifestyle.
Sneakers Market Country Level Analysis
The sneakers market is segmented into is analyzed and market size, volume information is provided by country, product and application as referenced above.
The countries covered in the sneakers market is segmented into report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the sneakers market due to the growing health-consciousness and need for physical fitness within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of the developing economies in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sneakers Market Share Analysis
The sneakers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sneakers market.
The major players covered in the sneakers market report are PUMA SE, SKECHERS, Nike, Inc, JACK WOLFSKIN, Woodland Worldwide, The Aldo Group Inc., Under Armour®, Inc., Bata Corporation, Skechers, PUMA, adidas AG, New Balance, ASICS Asia Pte. Ltd., Columbia Sportswear Company, ECCO Sko A/S, Geox S.p.a, Hermès, KERING, TBL Licensing LLC, Tapestry, Inc., and LVMH Moët Hennessy., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand.
SKU-